New Chapter 15 Filing - Tervita Corporation

Tervita Corporation

• 10/19/16 Recap: Canadian midstream waste management services provider to the E&P sector files Chapter 15 to help effectuate a debt-for-equity conversion pursuant to a September CBCA filing. 
• Jurisdiction: S.D. of New York
• Capital Structure: CAD $325mm RCF (Toronto-Dominion Bank), $750mm TL (Cortlandt Capital Markets), CAD $200mm 9% '18 secured notes & $650mm 8% '18 secured notes (Wells Fargo), $299mm 9.75% '19 unsecured notes, $355mm 10.875% '18 unsecured notes (Delaware Trust), $308mm 11.875% '18 subordinated notes (Wilmington Savings Fund Society).     
• Company Professionals:
  • Legal: Latham & Watkins LLP (Mark Broude, Annemarie Reilly) & Osler (Mark Wasserman) & Fasken Martineau
  • Financial Advisor: Barclays Capital Inc. (George Mack, Gary Sultan, Caty Truei, Darshan Patel, Shamika Dighe)
• Other Parties in Interest:
  • RCF Agent (The Toronto-Dominion Bank)
    • Legal: Norton Rose Fulbright (Howard Gorman)
  • TL Agent (Cortlandt Capital Markets)
    • Legal: Kaye Scholer LLP (Seth Kleinman)
    • Financial Advisor: FTI Consulting (Deryck Helkaa, Dustin Oliver, Craig Munro)
  • Secured Creditor Ad Hoc Committee
    • Legal: Goodmans (Robert Chadwick, Chris Armstrong) & Paul Weiss (Andrew Rosenberg, Alice Belisle Eaton, Kevin O'Neill)
    • Financial Advisor: Houlihan Lokey (Devin Shanahan, Michael Lin, Alexander Felsberg)
  • Unsecured Noteholder Ad Hoc Committee
    • Legal: Bennett Jones (Kevin Zych, Sean Sweig, Kristopher Hanc, Chris Simard) & David Polk (Damian Schaible, Steven Szanzer)
    • Financial Advisor: Moelis (Barak Klein, Brian Bacal, James Schiro, Conor McGrath, Larry Liao)
  • Subordinated Noteholder Ad Hoc Committee
    • Legal: Davies Ward (Jay Swartz, Robin Schwill) & Fried Frank (Gary Kaplan, Cedrick Mendoza-Tolentino)
    • Financial Advisor: PJT Partners (Joshua Abramson, Brian Benvenisty, Mobi Ahmed)
  • Wells Fargo as Secured Notes Agent
    • Legal: McCarthy Tetrault LLP (Sean Collins) & Reed Smith LLP (Eric Schaffer, Luke Sizemore)
  • Delaware Trust
    • Legal: Cassels Brock (Ryan Jacobs) & Ropes & Gray LLP (Mark Somerstein, Patricia Chen)
  • Wilmington Trust
    • Legal: Willkie Farr (John Longmire, Gabriel Brunswick)
  • Investors: Paulson & Co., Ares Capital, Angelo Gordon, Avenue Capital, Bain Capital Credit

New Filing - Garden Fresh Restaurant Intermed. Holdings LLC

Garden Fresh Restaurant Intermed. Holdings LLC

• 10/3/16 Recap: Operator of 123 farm-sourced self-serve restaurants under the Souplantation & Sweet Tomatoes brands seeks expedited sale after suffering cash flow pressure from sector headwinds, workers' comp liability, minimum wage and health benefit pressures and rent increases.  
• 8/8/17 Update: Perpetual Capital Partners and CR3 Capital LLC acquired the reorganized company for an undisclosed amount.
• Jurisdiction: D. of Delaware
• Capital Structure: ~$195mm of funded debt     
• Company Professionals:
  • Legal: Morgan Lewis (Neil Herman, James Moore, Benjamin Cordiano, Katherine Lindsay) & (local) Young Conaway (Kenneth Enos, Michael Nestor, Ian Bambrick, Michael Neiburg, Travis Buchanan)
  • Financial Advisor: RAS Management Advisors LLC (Timothy Boates, Michael Rizzo)
  • Investment Banker: Piper Jaffrey (Teri Stratton, Peter Schwab, Jean Hosty, John Twichell, Jason Wang, Cooper Ziecik, Galen Hand)
  • Real Estate Advisor: Hilco Real Estate LLC (Ryan Lawlor)
  • Claims Agent: Epiq Bankruptcy Solutions, LLC
• Other Parties in Interest:
  • Term Loan A Agent: Cerberus Business Finance LLC
    • Legal: Klee Tuchin (Michael Tuchin, David Guess, Sasha Gurvitz) & (local) Richards Layton (Mark Collins).
  • Term Loan B Agent & DIP Lender: Cortlandt Capital Market Services LLC
    • Legal: Holland & Knight LLP (Barbra Parlin) & (local) Pachulski Stang (Laura Davis Jones)
  • Term Loan C and Term Loan D Agent: Apollo Investment Management
    • Legal: Vinson & Elkins LLP (Steven Abramowitz) & (local) Morris Nichols (Robert Dehney, Matthew Henry)
  • Other Lenders:
    • Ares Capital Corporation, Beach Point Capital, Sun Capital
  • UCC:
    • Legal: Kelley Drye & Warren LLP (Lauren Schlussel, Jason Adams, Eric Wilson, Scott Fleisher, Charlie Liu) & (local) Drinker Biddle & Reath LLP (Steven Kortanek, Joseph Argentina, Robert Malone)
    • Financial Advisor: Province Advisors (Paul Huygens, Thomas Jones, Carol Cabello, Jorge Gonzalez, Jin Dong)

Updated - Done